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—interest rate and inflation—have shown an insignificant association. Movements of Islamic index are in-line with the theory i ….e. disassociation from interest and reflection of the real economy. Movements of conventional index cover both real and monetary sectors …
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The growth rate of total factor productivity seems to have increased recently, at least in the United States. Higher US productivity growth may justify higher stock market valuations than in the past and thus herald an emerging New Economy. However, the size of the estimated growth rate of total...
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